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Biometric leaders dominate the Multi-Factor Authentication Industry
Multi-factor authentication (MFA) implies user and employee authentication by verifying, two or more authentication techniques (Hardware token, One Time Password, Password/PIN, and Biometric traits) provided by them. The use of more than one authentication factor significantly increases the security, thus reducing the chances of fake identity, fraud, and so on. Application areas of biometric technology have been categorized into government, travel and immigration, defense, banking and finance, healthcare, consumer electronics and commercial security.
RSA Security LLC, the Security Division of EMC, is the premier provider of security, risk and compliance management solutions primarily in the United States. RSA serves banking, insurance, technology, professional services, hardware, software companies, manufacturing, transportation, distribution, telecommunications, government, healthcare, and pharmaceutical companies. The company provides RSA Authentication Manager which is central two-factor authentication software that has the capabilities to manage security tokens, users, multiple applications, agents, and resources across physical sites. The company also provides various hardware base authenticators like RSA SecurID 200 Authenticator, SA SecurID 700 Authenticator, RSA SecurID Select and many more. The company also provides RSA SecurID Software for smartphones, laptops, desktops and web browsers. The company has a diverse range of MFA products from software to hardware to web browsers. Hence, RSA security is considered as one of the market leaders of the biometric market.
Safran SA is the leader in the biometrics and a leading provider of biometric based multifactor authentication device. It engages in the design, manufacture, and sale of aircraft, defense, and communication equipment and technologies. It operates through the following segments: aerospace propulsion, aircraft equipment, defense, and security. Safran offers a complete range of security solutions covering three main market segments: identification, secure documents, and detection. Safran is the world leader in multi biometric identification technologies (fingerprint, iris, facial, and vein recognition) and the major player in explosive detection systems and smart cards, which means that it can address emerging security requirements for individuals, businesses, and countries. Deployed in more than 100 countries worldwide, these integrated systems ensure the security of transport and high-value facilities, secure identification, and protection of citizens, along with outstanding homeland security. The company ranks first worldwide in automated fingerprint identification systems (AFIS), iris, and face recognition solutions. Hence, Safran SA is considered as one of the market leaders of the MFA market.
Multi-Factor Authentication Market by Model/Type (Two, Three, Four & Five-Factor), Application (Banking & Finance, Government, Defense, Healthcare and others), & by Geography - Global Trend & Forecast to 2014 - 2020
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